What is Microvast Holdings, Inc.'s non-cash lease expense?

Microvast Holdings, Inc. (MVST) reported non-cash lease expense of $717K in Q1 2026.

How has Microvast Holdings, Inc.'s non-cash lease expense changed year-over-year?

Microvast Holdings, Inc.'s non-cash lease expense increased by 7.7% year-over-year, from $666K to $717K.

What does non-cash lease expense mean?

Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.

Microvast Holdings, Inc. MVST Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

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$780K+109%

Franklin ElectricFELE

$5.57M+6.4%

SLD

Solid PowerSLDP

$303K-5.9%

Amprius TechnologiesAMPX

$619K-51.9%

Other financials

Income statement

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Revenue$60.6M-48.0%

Gross profit$19.2M-55.5%

Operating income-$7.9M-152%

Net income$48.2M-22.0%

EPS (diluted)-$0.04-180%

Balance sheet

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Cash & equivalents$126.1M+2.5%

Total debt$93.3M-65.4%

Total equity$466.1M+2.6%

Total assets$987.5M+0.5%

Cash flow

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Operating cash flow-$22.8M-418%

CapEx$2.9M+21.7%

Free cash flow-$25.7M-632%

Valuation

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Market cap$374.8M-70.5%

Enterprise value$341.93M-75.9%

P/E152.7×—

P/S1×-2.1×

Profitability

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Gross margin26.4%-8.6pp

Operating margin9.7%+5.4pp

Net margin-28.8%-5.3pp

FCF margin6.9%—

Returns & leverage

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Return on equity-30.3%+5.7pp

Debt / equity0.2×-0.4×

Current ratio1×-0.4×

Where this comes from

Reported directly by Microvast Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAssetAmortizationExpense.

The official record: Microvast Holdings, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microvast Holdings, Inc.'s non-cash lease expense?: Microvast Holdings, Inc. (MVST) reported non-cash lease expense of $717K in Q1 2026.
How has Microvast Holdings, Inc.'s non-cash lease expense changed year-over-year?: Microvast Holdings, Inc.'s non-cash lease expense increased by 7.7% year-over-year, from $666K to $717K.
What does non-cash lease expense mean?: Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.